What is Evernote?
Evernote operates as a cornerstone of the personal and professional productivity software market. By providing a robust platform for note-taking, document archiving, and task organization, the company addresses the critical need for information management in high-velocity environments. Its market position is defined by a long-standing user base and a feature set that bridges the gap between simple documentation and complex project management. As the digital workspace continues to fragment, Evernote remains focused on centralizing user workflows through its cross-platform synchronization capabilities and intuitive interface design.
How much funding has Evernote raised?
Evernote has raised a total of $272.5M across 10 funding rounds:
Angel/Seed
$3M
Series A
$6.5M
Series B
$10M
Series C
$20M
Private Equity
$50M
Series D
$70M
Series E
$85M
Unspecified
$20M
Debt
$2M
Angel/Seed (2007): $3M, investors not publicly disclosed
Series A (2009): $6.5M supported by Troika Ventures and DoCoMo Capital
Series B (2009): $10M featuring DoCoMo Capital, Morgenthaler Private Equity, Steamboat Ventures, and Troika Dialog
Series C (2010): $20M backed by Steamboat Ventures, Morgenthaler Private Equity, DOCOMO Capital, and Troika Dialog
Private Equity (2011): $50M with participation from Steamboat Ventures and Morgenthaler Private Equity
Series D (2012): $70M led by Allen & Company, CBC Capital, Meritech, Harbor Pacific Capital, and T. Rowe Price
Series E (2012): $85M supported by m8 Capital, AGC Equity Partners, and T. Rowe Price
Unspecified (2014): $20M featuring Nikkei
Debt (2020): $2M backed by PPP
Key Investors in Evernote
Steamboat Ventures
Steamboat Ventures focuses on helping young companies become market leaders by investing in early to growth stage firms within the technology, media, and consumer sectors.
Morgenthaler Private Equity
Morgenthaler is a premier venture capital and private equity firm with over 40 years of experience specializing in the Information Technology and Life Sciences sectors.
T. Rowe Price
T. Rowe Price is a global asset management organization providing investment solutions and financial services through active management and independent research.
What's next for Evernote?
Looking ahead, Evernote is positioned to leverage its historical capital backing to accelerate product innovation and deepen its integration within the enterprise software stack. The strategic focus will likely shift toward enhancing collaborative features and utilizing advanced data analytics to improve user retention and platform utility. By maintaining a disciplined approach to capital allocation, the company is well-equipped to navigate the challenges of the current SaaS market, focusing on sustainable growth and the expansion of its value proposition for both individual power users and large-scale organizational clients.
See full Evernote company page
